I'm not sure how to answer this question. I don't need answers, I just want to be set up to answer them successfully:

1. Supply with Cobb-Douglas Technology (14p) Suppose that a profit-maximizing chemical firm has a Cobb-Douglas production function y = yEg1-a where: v output of the firm's final chemical product x variable input of a toxic compound used in production K fixed level of the firm's capital stock, i.e., plant and equipment (in other words: a constant) a output elasticity parameter (0